# Small business loans in Lakewood, WA

**Short answer:** Columbia Bank made the most SBA loans in Lakewood, WA since FY2024, with 9. The median loan was $296,000, and half fell between $50,000 and $800,000. For free help, see the Washington Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/washington-small-business-loans/lakewood/
Data as of: 2026-06-30

## Lenders making SBA loans in Lakewood

No lender made more than 18% of the loans in Lakewood, and Columbia Bank made the most.

**Lenders with five or more SBA loans in Lakewood, WA, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [Columbia Bank](https://www.sbaexpress.loans/sba-express-lenders/columbia-bank/) | 9 | 18.4% |

Share is the percent of all Lakewood loans in that period. Each name links to that lender's page for Washington where one exists.

Lakewood has one lender with five or more loans since FY2024. Others had fewer, and the Washington page counts 157 lenders with at least one approved loan statewide.

## Local help near Lakewood

Lakewood borrowers can start with SBA's district offices for Washington, an SBDC or SCORE.

SBA runs two district offices that cover Washington. Each page points to state and federal resources and to lenders in its area. The Washington Small Business Development Center gives free counseling across Washington.

- [SBA Seattle District Office: SBA district office](https://www.sba.gov/district/seattle)
- [SBA Portland District Office: SBA district office](https://www.sba.gov/district/portland)
- [Washington Small Business Development Center: Small Business Development Center](https://wsbdc.org/)
- [SCORE mentors in Washington: Business mentoring](https://www.score.org/wa/)

Alongside SBA loans, Washington runs three loan programs. The [Washington page](https://www.sbaexpress.loans/washington-small-business-loans/#loan-programs-in-washington) describes each, and the official pages are linked here.

- [Owner-Occupied Commercial Real-Estate Loan Program (CRE)](https://www.commerce.wa.gov/access-to-capital/)
- [Collateral Support Program (CSP)](https://www.commerce.wa.gov/access-to-capital/)
- [Revenue-Based Financing Fund (RBF)](https://www.commerce.wa.gov/access-to-capital/)

## Loan counts and sizes in Lakewood

Lakewood ranks 23rd by loans since FY2024 among the 24 Washington cities with 100 or more SBA loans since FY2020. Nationally it is the 540th busiest of the 580 cities that reach 100 loans.

The 49 loans, 1.0% of the 4,798 in Washington, were approved for $37.6 million in all. The median loan was $296,000, 97% above the national median of $150,300. Half of the loans fell between $50,000 and $800,000. The Lakewood median is 97% above the Washington median of $150,000.

**Lakewood, WA compared with Washington and the nation, loans from FY2024 to June 2026**

| Measure | Lakewood | Washington | U.S. |
| --- | --- | --- | --- |
| Loans | 49 | 4,798 | 162,355 |
| Median loan | $296,000 | $150,000 | $150,300 |
| 25th percentile | $50,000 | $50,000 | $50,000 |
| 75th percentile | $800,000 | $500,000 | $500,000 |
| Via SBA Express | 28.6% | 45.6% | 35.8% |
| Lines of credit | 22.4% | 36.6% | 28.1% |
| Startups | n/a | 9.9% | 16.1% |
| Ownership changes | 24.5% | 14.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.5 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 2.4% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

28.6% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 22.4% of loans, below the national 28.1%.

SBA loans in Lakewood, WA by size, FY2024 to June 2026

- $50,000 or less (31%): 15
- $50,001 to $150,000: Fewer than 5
- $150,001 to $350,000 (24%): 12
- $350,001 to $500,000: Fewer than 5
- $500,001 to $1,000,000 (10%): 5
- $1,000,001 to $2,000,000 (10%): 5
- Over $2,000,000 (14%): 7

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

SBA loans in Lakewood, WA by fiscal year

- FY2020: 11
- FY2021: 29
- FY2022: 10
- FY2023: 10
- FY2024: 19
- FY2025: 15
- FY2026 (through June 30): 15

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume fell 21% from FY2024 (19 loans) to FY2025 (15), the two latest full years. The busiest full year in the file was FY2021, with 29 loans. FY2026 already shows 15 loans through June 30.

Of the 50 loans Lakewood borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 346 jobs supported across the 49 loans since FY2024, about 7.1 per loan. SBA does not audit these estimates.

## What businesses in Lakewood borrow for

Gasoline Stations with Convenience Stores was the largest borrower group in Lakewood, with 6 loans or 12.2% of the total.

**Industries with the most SBA loans in Lakewood, WA, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Gasoline Stations with Convenience Stores](https://www.sbaexpress.loans/industries/gasoline-stations-with-convenience-stores-457110/washington/) | 6 | 12.2% | 0.8% |

Share is the percent of all Lakewood loans in that period. Industry is the NAICS code on each loan. A name links to the Washington page for that industry where one exists.

## A typical loan payment in Lakewood

The median Lakewood loan was $296,000 with a median term of 10 years.

The median variable-rate loan in Lakewood was priced at Prime plus 2.5 percentage points at approval. At today's Prime that spread works out to 9.50%. On $296,000 over 10 years, principal and interest would come to about $3,830 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Lakewood loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $50,000 | $647 |
| Median loan | $296,000 | $3,830 |
| 75th percentile loan | $800,000 | $10,352 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $296,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 2.0 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Lakewood loans approved since FY2024 had a median starting rate of 10% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $300,000 loan](https://www.sbaexpress.loans/loan-amounts/300000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Lakewood

Lakewood has 12 SBA 504 loans since FY2020, with $14.3 million in SBA and CDC dollars.

Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.

Evergreen Business Capital is the one Certified Development Company (CDC) named on five or more loans, 9 since FY2020.

**CDCs named on five or more 504 loans in Lakewood, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Evergreen Business Capital | 9 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Washington cities near Lakewood

Lakewood made up 1.0% of Washington's SBA loans since FY2024.

Lakewood is one of 24 Washington cities with 100 or more SBA loans since FY2020. The [Washington page](https://www.sbaexpress.loans/washington-small-business-loans/) covers all 4,798 loans in Washington. The closest come first, ranked by county and ZIP code on their loans.

- [Tacoma: 187 loans, median $150,000](https://www.sbaexpress.loans/washington-small-business-loans/tacoma/)
- [Puyallup: 101 loans, median $100,000](https://www.sbaexpress.loans/washington-small-business-loans/puyallup/)
- [Gig Harbor: 45 loans, median $150,000](https://www.sbaexpress.loans/washington-small-business-loans/gig-harbor/)
- [Olympia: 85 loans, median $161,500](https://www.sbaexpress.loans/washington-small-business-loans/olympia/)
- [Vancouver: 243 loans, median $138,000](https://www.sbaexpress.loans/washington-small-business-loans/vancouver/)
- [Snohomish: 58 loans, median $100,000](https://www.sbaexpress.loans/washington-small-business-loans/snohomish/)
- [Bellingham: 86 loans, median $227,300](https://www.sbaexpress.loans/washington-small-business-loans/bellingham/)
- [Everett: 111 loans, median $350,000](https://www.sbaexpress.loans/washington-small-business-loans/everett/)

## Common questions about SBA loans in Lakewood

### Which lenders make the most SBA loans in Lakewood?

Columbia Bank leads with 9 loans in Lakewood since FY2024. Only lenders with five or more Lakewood loans are counted.

### Which industries get SBA loans in Lakewood?

Gasoline Stations with Convenience Stores leads with 6 loans in Lakewood since FY2024.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Seattle District Office](https://www.sba.gov/district/seattle)
- [SBA Portland District Office](https://www.sba.gov/district/portland)
- [Washington Small Business Development Center](https://wsbdc.org/)
- [SCORE, Washington](https://www.score.org/wa/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)